Understanding bail bonds
Navigating the legal system can be confusing, especially when it comes to bail. Keefer's Bail Bonds is here to simplify things. Let's define some key terms to help you understand your options and make informed decisions.
Surety bond: what is it?
A surety bond is like a guarantee. It's a contract between three parties: the court, the defendant, and the surety (Keefer's Bail Bonds, in this case). We promise the court that the defendant will appear at all required hearings. If the defendant fails to appear, Keefer's Bail Bonds is responsible for paying the full bail amount. To secure this bond, the defendant (or their family/friends) pays Keefer's Bail Bonds a percentage (10%) of the total bail amount, which is non-refundable.
Cash bond: what does it mean?
A cash bond requires you to pay the full bail amount to the court in cash. If the defendant appears at all required court dates, the cash is returned to the person who paid it (minus any court fees, restitution, fines). If the defendant fails to appear, the court keeps the entire cash bond.
Surety bond vs. cash bond: what's the difference?
The key difference lies in the upfront cost and the risk. A surety bond requires only a percentage of the bail amount, making it more accessible. However, this percentage is non-refundable. A cash bond requires the full bail amount upfront, but it is refundable if all court appearances are met. With a surety bond, Keefer's Bail Bonds assumes the risk of the defendant not appearing. With a cash bond, the risk is on the individual providing the cash.
Need a bail bondsman? Call Keefer's Bail Bonds at 574-722-2245 for fast, reliable service.